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A professional soccer player has a deferred compensation annuity that pays her $2,600 at the end of each month for 8 years. If the annual
A professional soccer player has a deferred compensation annuity that pays her $2,600 at the end of each month for 8 years. If the annual interest rate is 5% compounded monthly, find the present value of the annuity. (Round your answer to the nearest cent.)
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